Sixteen EU countries trigger ‘escape clause’ for defence spending On Wednesday, 30 April, sixteen European Union member states announced their intention to use the ‘national escape clause’ – a special budget flexibility rule- to ramp up defence spending prompted by Russia’s ongoing war in Ukraine and the heightened security threat across Europe, these countries are seeking permission to invest more in their military capabilities without immediately breaching the EU’s strict fiscal guidelines. On the same day, the European Commission announced that it had already received formal...

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The combined offering will pair VectorNav’s Inertial Navigation Systems with NAL Research’s Iridium STL® satellite receivers, leveraging signals 1,000 times stronger than GPS. MANASSAS, VA and DALLAS, TX – April 30, 2025 – NAL Research and VectorNav Technologies, two U.S.-based leaders in assured position, navigation, and timing (APNT) solutions, announced today a joint development to produce Iridium® STL (Satellite Time & Location)-aided Inertial Navigation Systems (INS) designed to meet the increasing demand for resilient PNT in GNSS-denied environments. Both companies will...

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Eversheds Sutherland (International) is pleased to confirm that Keith Froud has now succeeded Lee Ranson as the firm’s Global Co-CEO and International Chief Executive. Keith’s election in September 2024 was uncontested and he begins his four year term today, 1 May 2025. Keith Froud comments, “I am proud to have succeeded Lee Ranson as Chief Executive of Eversheds Sutherland (International) today. Building on the firm’s strong trajectory, my ambition is to create even greater success for our clients and our people. I am also pleased...

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By Simon Grant, Karen Dawson, Adam Taylor, Serge Dupont and Jess Horwitz Canada Development Investment Corp. (CDEV) has announced the launch of the Large Enterprise Tariff Loan (LETL) facility, a new government-backed loan facility to support large Canadian enterprises affected by actual and potential new US tariffs and associated Canadian import countermeasures and which face challenges accessing traditional sources of market financing. CDEV, a Canadian federal Crown corporation reporting to the Minister of Finance, will manage the facility through its subsidiary,...

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House Members Focus Their Attention on Federal Tax Credits for Pending Budget Reconciliation Process As the U.S. Congress gears up for the budget reconciliation process, several Republican and Democratic members of the House of Representatives have urged House leadership to maintain certain key federal energy tax credits authorized by the Inflation Reduction Act of 2022 (IRA). On March 9, 2025, in a letter to Representative Jason Smith (R-MO), chair of the House Ways and Means Committee, 21 Republican House members requested...

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